Bradford & Bingley International in the Isle of Man has again cut its savings rates in response to rate cuts from the Bank of England and European Central Bank.
The announcement comes little over a week after the offshore deposit-taker's last cut in rates, responding to November's rate cuts. Rates on the eAccess2 internet account have been cut by 100 basis points to 4% gross on balances over £1,000 (3.8% for monthly interest). The Future Planning Tracker has also seen cuts of 100 basis points on each of its tiers. Balances of £5,000 to £24,999 now receive 2.75% gross (a year one rate of base rate plus 0.75%), with balances of £25,000 to £99,999 receiving 3% in year one (base rate plus 1%) and those over £100,000 attracting a rate of 3.25% (base...
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